Annual Report 2016

This is Wärtsilä

Wärtsilä is a leading provider of complete life-cycle marine & energy solutions and services to customers globally. In 2016, Wärtsilä's net sales totalled EUR 4.8 billion with approximately 18,000 employees. The company has operations in over 200 locations in more than 70 countries around the world.

Sustainability

Wärtsilä’s strategy is based on three key growth areas, energy efficient solutions, gas based technology, and innovative solutions, all of which contribute to a more sustainable future in both the energy and the marine industry.

Governance

Wärtsilä implements a single-tier governance model, by which management of the Wärtsilä Group is the responsibility of the General Meeting of shareholders, the Board of Directors, and the President & CEO. Their duties are for the most part defined by the Finnish Companies Act.

Investors

Wärtsilä is listed on Nasdaq Helsinki. The company has one share series with each share entitling its holder to one vote at the General Meeting and to an equal dividend. The number of Wärtsilä shares totalled 197,241,130 at the end of 2016.

Financial statements

Wärtsilä long-term financial target is to grow faster than global GDP, and to maintain its operating profit margin between 14% at the peak of the cycle and 10% at the trough. Wärtsilä’s financial position enables investments in developing its business, and supports its commitment to providing solid shareholder returns.